Keep your digital banking safe: Tips for consumers and banks
In this interview for Help Net Security, Reza Zaheri, CSO at Quantum Metric, talks about digital banking security and what can banks, as well as consumers, do to protect their …
online payment
Organizations must be doing something good: Payment fraud activity is declining
Results from an Association for Financial Professionals (AFP) survey are encouraging, as 71% of organizations report having been victims of payments fraud activity in 2021, …
Payment fraud attack rate across fintech ballooned 70% in 2021
Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network …
Consumers demand a digital banking experience with security at its foundation
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption …
Fraud detection and prevention costs merchants more than fraud itself
European merchants spent nearly €7 billion on fraud detection and prevention in 2021 alone – more than three times the value lost to fraud in the same year, CMSPI estimates. …
Payment security market to reach $54.1 billion by 2028
The global payment security market is expected to reach $54.1 billion by 2028, growing at a CAGR of 16.5% during the forecast period of 2021-2028, according to …
Digital payment market to reach $180.4 billion by 2026
The global digital payment market size is projected to grow from $89.1 billion in 2021 to $180.4 billion by 2026, at a CAGR of 15.2% during the forecast period, according to …
PCI SSC and the National Cybersecurity Alliance issue bulletin to highlight ransomware threat
The PCI Security Standards Council (PCI SSC) and the National Cybersecurity Alliance issued a joint bulletin on the increasing threat of ransomware attacks. What is the …
Buy now, pay later fraud, romance and cryptocurrency schemes top the list of threats this year
Experian released its annual forecast, which reveals five fraud threats for the new year. With consumers continuing to take a digital-first approach to everything from …
Spike in brand abuse attacks, 3-D Secure transaction volume rising
Outseer has published its latest quarterly Fraud & Payments report, confirming a troubling and massive spike in worldwide brand abuse attacks. The Q4 installment of the …
How Buy Now, Pay Later is being targeted by fraudsters
Consumers are increasingly utilising Buy Now Pay Later (BNPL) payment options to make online purchases. Indeed, several e-commerce companies reported huge uptakes in sales, …
Preventing document fraud in a world built on digital trust
All digital markets are built on trust and that trust has been reduced to an algorithm driven by proof of identity, which currently remains heavily reliant on formal documents …